Islamic Republic of Iran Shipping Lines (IRISL) Group and South Korea's Hyundai Heavy Industries are in the final rounds of a $650-million deal to provide 10 ships to Iran, a report said.
Under the contract, Hyundai will build

Italy-based Rina Services and the Asian Classification Society (ACS) recently classified the first two general cargo ships owned by Islamic Republic of Iran Shipping Lines (IRISL), a major shipping company in Iran.
Rina is a

Iran’s Islamic Republic of Iran Shipping Lines (IRISL) plans to order Triple E vessels which can carry more than 18,000 containers, following the lifting of sanctions which barred the country’s liners from calling at US and European

The US Treasury Department set additional sanctions against Iranian engineering firms with ties to the Iranian Revolutionary Guard Corp (IRGC), which it said has continued to expand its control of the Iranian economy.
It also sanctioned in

Iran's state shipping line will challenge the latest round of sanctions at the European Union's (EU) highest court, saying there is no evidence showing that it has been involved in arms trafficking as EU and US officials say.
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